DigitalOcean Announces Third Quarter 2026 Financial Results
Business Wire•03/11/2026•07:00 ET
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Key Highlights
- ➤Q3 revenue $321 million, up 40% year-over-year
- ➤Q4 revenue outlook $348-$351 million, implying 44%-45% growth
- ➤2027 revenue growth outlook raised to 60%+
- ➤AI Customer ARR $376 million, up 288% year-over-year
- ➤Record $160 million ARR added, up 266% year-over-year
Expert Statements
Paddy Srinivasan, CEO of DigitalOcean
“Revenue growth accelerated year-over-year to 40%, our fifth consecutive quarter of acceleration, and we added a record $160 million of ARR,”
Paddy Srinivasan, CEO of DigitalOcean
“The center of gravity in AI has shifted from people chatting with models to agents doing work, and agents need a different kind of cloud: one where inference, agent runtime, data, and learning operate as a single loop to enable agents to recursively self improve.”
Paddy Srinivasan, CEO of DigitalOcean
“We built that cloud, and the most sophisticated AI natives are building on it.”
Paddy Srinivasan, CEO of DigitalOcean
“Customers spending over $100,000 a year now represent 41% of our revenue, and they are not renting capacity; they are adopting the platform.”
Paddy Srinivasan, CEO of DigitalOcean
“Inference Engine token volume grew roughly 10x quarter-over-quarter and we launched Managed Agents, Agent Learning Services, and Agent Data Services to complete the loop.”
Paddy Srinivasan, CEO of DigitalOcean
“We are different by design with a unique platform, durable and profitable growth, a diverse customer base, 2026 capacity delivered on or ahead of schedule and 20 incremental megawatts secured for 2028, and a flexible balance sheet.”
Paddy Srinivasan, CEO of DigitalOcean
“We continue to accelerate and are raising our outlook again: we now expect Q4 2026 revenue growth of 44-45% and to deliver 60%+ revenue growth for full year 2027.”
Raising Q4 2026 exit revenue growth outlook to 44-45% and increasing expected 2027 revenue growth to 60%+
Million+ Dollar Customer ARR grew 273% year-over-year to $386 million
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